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Walter's firm through which he owns two insurers subpoenaed by a grand jury over holdings flowing to affiliated companies.
Lambda is seeking up to $4 billion at a $14.5 billion pre-money valuation in a round led by Blackstone and Coatue, the Wall Street Journal reports. For teams renting its Nvidia GPUs, the round says more about investor appetite than about how long Lambda can keep financing new capacity.
Reality
QVT Financial, short Jackson's debt and equity, says the insurer's captive repays hedging losses in three-year installments. The unpaid tab is an estimated $6.8bn against $4.97bn of statutory surplus.
Reality
Her letter to the commissioners' trade group asks whether any other life insurer looks like Mark Walter's two, and it arrives while the industry's private credit holdings sit at $849 billion. The NAIC has until Sept. 24.
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Bloomberg reports the AI cloud provider is negotiating up to $3 billion at $12 billion or more, roughly 4.8 times a September 2025 Forbes estimate, ahead of a possible 2027 listing.
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A closed-end fund distributed $1.74bn over eight fiscal years while earning about a third of it, covering the gap by issuing shares above NAV. The premium is now a discount.
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